Derek Scruggs, founder and CEO of The Enthusiast Group, gives a candid interview to David at Colorado Startups.  His company just decided to shut down after working for a couple of years to create a series of niche social networks targeting outdoor enthusiasts with sites like Your Cycling and Your Running. 

With web businesses hot again and huge acquisitions grabbing headlines, it’s good to get a dose of reality.  Most startups (web or otherwise) fail.  Not surprisingly, when they do, most of the founders don’t feel like talking about it publicly.  Derek’s willingness to share his experience is valuable for any would-be entrepreneur, but it’s particularly relevant for anyone considering launching a web-based business.